Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment.

Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher

Author: Xiaobing, TechFlow TechFlow
On May 22, after the China Securities Regulatory Commission (CSRC) announced its intention to impose severe penalties on three overseas brokerage firms—Futu, Tiger Brokers, and Longbridge—their stock prices plummeted.
However, in Futu's own app community, the style suddenly changed. It was no longer just about exchanging stock information; overnight, it became a dating platform for stock investors.
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A mainland Chinese woman with a D-cup bust who claims to be beautiful is seeking a foreign man; a mainland Chinese born in the 1990s with a 2046% return on investment is willing to accept a "gender-neutral" identity change; a Hong Kong man holding a German passport...

When Futu becomes a matchmaking corner, overseas status becomes a form of hard currency for the middle class.

The Ministry of Finance is seeking feedback on a draft amendment to the Law on Supporting Small and Medium-Sized Enterprises, with many notable proposals, most notably the direction to allow businesses to use digital assets to access...

Proposal to allow small and medium-sized enterprises to borrow capital using digital assets.

Editor's Note: In the early hours of May 25th, Ethereum co-founder Vitalik Buterin published a lengthy article on X. In it, Vitalik reinterpreted his expectations for Ethereum's future development and the role and functions of EF from a personal perspective.

Vitalik emphasized that Ethereum should not bow to mainstream trends, but must be impressive, and must uphold the CROPS values of censorship resistance, openness, privacy, and security. Vitalik also explicitly stated that "Ethereum's most valuable product is..."